A deep dive on Andreessen Horowitz's latest "State of Crypto" report. In short: they want people to keep buying crypto, and are not above publishing blatant falsehoods to convince them to do so.
The report itself is 60 pages long, so this is a long one.
https://newsletter.mollywhite.net/p/andreessen-horowitzs-state-of-crypto
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The worst slide in the deck is the one that claims Ethereum now uses 94,000x less electricity than YouTube, a comparison they pick to avoid impugning Bitcoin.
However, this data is based on some incredibly shabby math and bad sourcing by a low-quality popsci blog.
Molly White
Steven Weir